Bad deflation is not a threat to Britain, according Ben Broadbent - and the deputy governor at the Bank of England knows because he has crunched the numbers.
The four-month bailout extension that Greece got in February now seems a distant memory, with �7.2 billion ($7.8 billion) in much-needed funds still contingent on Greece drawing up a detailed list of reforms, which creditors are vetting this weekend.
Dozens of MPs are claiming taxpayer-funded expenses to rent homes or stay in hotel rooms in London while letting out property they own nearby, it emerged last night.
Janet L Yellen, the Federal Reserve chairwoman, said on Friday that the Fed planned to raise interest rates more slowly than in past recoveries because of the unusually fragile condition of the American economy.
As a new report reveals cultural tourism generated �3.2bn for the economy in 2013, City Hall plans to help spread the wealth. Photo of the William Morris Gallery.